Welcome to Jindalee Resources Limited
Jindalee Resources Limited (“Jindalee“) is a public company with the primary objective of creating wealth for shareholders through the discovery of world-class mineral deposits. Jindalee’s strategy is simple – identify and acquire prospective ground or projects and add value through initial exploration activity to bring the project to decision point. At this time Jindalee either:
- continues on a 100% ownership basis
- introduces partners to fund the higher risk and/or expensive stages of exploration, or
- funds further exploration via a dedicated company in which Jindalee retains a significant stake (and in which Jindalee shareholders have the opportunity to invest directly).
Jindalee has a track record of rewarding shareholders through priority entitlements to new listings in which the Company is involved (including Energy Metals, Alchemy Resources and Anchor Resources) and in July 2010 a fully franked special dividend of $0.55 was paid to eligible shareholders.
At 31 March 2017 Jindalee had only 34.9M shares on issue and held liquid assets (cash and shares) worth approximately $5.7M (equivalent to $0.16 per share), leaving the Company in a strong position to assess new opportunities to create further wealth for shareholders.
Jindalee is listed on the Australian Stock Exchange – code JRL.